Banks are Big Winners from Tax Cut

Financial firms are benefiting from the $1.5 trillion tax cut and make up the majority of companies so far handing out raises and bonuses as a result of the bill.

On Washington: Sharper State Divide in Congress Seen as ‘New Civil War’

The prospect of more states with less bipartisan representation is likely to increase the intense polarization in Congress.

To Lift Paychecks, Treasury Urges Companies to Act Quickly on New Tax Law

The Treasury Department took the first steps toward carrying out the $1.5 trillion Republican tax overhaul with the release of new tax withholding tables.

Treasury Inspector General Finds No Political Meddling in Tax Analysis

The Treasury Department’s failure to provide an economic analysis of its $1.5 trillion tax plan had prompted an inquiry into whether political meddling played a part.

In a Complex Tax Bill, Let the Hunt for Loopholes Begin

A 2004 change by Congress, meant to foster domestic manufacturing, may provide a cautionary tale: You can mine a lot of tax breaks from just one word.